Detection Technology: Directed share issue in accordance with the share incentive programs and block trade to be executed

Detection Technology Plc Company Announcement 9 December 2016 at 09:45 (EET)

Detection Technology: Directed share issue in accordance with the share incentive programs and block trade to be executed

In connection with the share incentive programs, the Board of Directors of Detection Technology Plc has today December 9, 2016 resolved to issue 474,800 new shares in a directed share issue without payment to the individuals entitled to the share incentives based on the authorization granted by the general meeting of shareholders held on March 10, 2016. Certain individuals entitled to the share incentives have, to cover taxes resulting from the programs, given sale orders for 237,748 shares as previously announced. The individuals selling shares have agreed to a 6-month lock-up undertaking concerning shares held by them.

The new shares will be entered into the Finnish Trade Register on or about December 12, 2016 and they will provide the shareholder rights as of the registration. The new shares will be subject to trading on the First North Finland -marketplace together with the old shares on or about December 12, 2016. The number of shares outstanding in Detection Technology following the share issue is 13,425,775.

On July 28, 2016 Detection Technology Plc announced that it is preparing share trading arrangements with regards to the company’s share incentive programs and that the Board of Directors of the company would make a decision on the issuance of shares at the latest on December 9, 2016 in the first phase of the share incentive programs.

Detection Technology Plc

Board of Directors

For more information:

Hannu Martola, President and CEO
+358 500 449 475
hannu.martola@nulldeetee.com

Nordea is the Company’s Certified Advisor under First North rules.

Detection Technology Plc
Detection Technology is a global provider of X-ray imaging subsystems, components and services for medical, security and industrial applications. Detection Technology’s net sales grew 89% to EUR 52 million in the first nine months of 2016. The company has around 200 customers in 40 countries. Detection Technology employs 400 people in Finland, China and the US. The Company’s shares are listed at the Nasdaq First North Finland under the ticker symbol DETEC.

DISTRIBUTION:
NASDAQ OMX Helsinki
Key media
www.deetee.com